Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested

Quote from: valladex on June 04, 2013, 10:18:17 PM

Quote from: PrintMule on June 04, 2013, 09:50:28 PM

3+ weeks ago my reward per block were 0.0014 - 0.0016 per block
1 week ago it was ~0.0011 - 0.0012

now it gets as low as 0.0008 per block

7day moving average has gone from 0.25 to 0.21 and 0.18

Is it difficulty or total hashrate? my work utility has gone from 7.8 to 7.2

If rewards are going down so quickly how are little miners like me supposed to go on?

I knew it was expected, but i hoped for 2x slower decline than this Sad

Or my whining is wrong?

fairly sure its the difficulty (increases with total network hashrate), with yet another change coming soon. Its also a shame that human greed led to the pointless creation of ASIC's for mining, it monopolises Bitcoin to the few who have a lot of money the same way banks have with fiat currency.

difficulty increasing would make each block take longer, but wouldn't change the fact that each block is 25 BTC, so the size of your payouts would remain about the same. Network hashrate increasing wihtout your personal hashrate increasing would lower the percentage of work you have contributed, so hashes would happen faster overall, but your own payout would be reduced. As difficulty rises, blocks take longer, and over time more asics/fpgas are introduced to the pool, making gpu mining less lucrative. You have to determine for yourself whether this is right for you